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Who had a "Gut Feeling" about Bitcoin?

Silver Art

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Bitshares(BTS) is now trading at just over 3000 satoshi (currently approx $0.53 per BTS) according to coinmarketcap.com. I am still watching it to see how far it goes up. Since I took some profit from bitshares earlier this year, I am not concerned if it goes back down to 700 - 800 satoshi.
 

Silver Art

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^^^^^^^^^^^^^^^^^^^^^

8 hours later..................Bitshares (BTS) is now at 3804 satoshi (around $0.62 per BTS) as of the of this post according to coinmarketcap. I am still waiting for at least 8000 satoshi to even think about the possibility of taking another profit from BTS. I might wait until at least 10,000 satoshi/BTS. Just being a greedy degenerate speculator.

DOGE is at 40 satoshi.....MEH!!!!!!! I am waiting for MOAR gain to even think about taking a profit. DOGE is a crypto DOG!!!!!! LOL!!!!!!

Bitcoin is down to $16,427.60 according to coinmarkaetcap. Etheruem is at $806.

Still interesting times at crypto-land........................
 

andial

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DOGE is a crypto DOG!!!!!! LOL!!!!!!


Still interesting times at crypto-land........................
Thanks for the warning sir. So if DOGE is the crypto silver what is the crypto platinum? A once mighty metal that has fallen below gold
 

Uglytruth

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This will make you smile. I know someone that works for one of the evil empire banksters. Direct from the top.
They are not allowed to talk about crypto's.

Seems they are not able to control or manipulate it like fiat. Kept asking who's name is on the check when you cash out. Just don't get it. Kept asking when the grocery store would accept it. They wanted something "tangible" like cash. :laughing:
I told them your already 90% digital it's just that this one, for now, is not manipulated. Check deposited, debt card used, what do you have a few dollars in your pocket? This was really funny!
 

oldgaranddad

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goldielox1

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andial

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It would be great if moar cashed out went long metals and broke the bankers paper metal short positions.
 

solarion

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Sounds like the rats are leaving the titanic.
lol Why are they rats? Cuz they rode something to a 9200% ytd gain and then took some profits? How horrible of them.
 

andial

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I remember metal heads here cheering collapsing metal prices. The logic behind it was " i wanna buy moar cheaper!"

Are not bitcoin stackers entitled to use the same logic?
 

solarion

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I like BCH at 30% off. There's less than 17m of them and lots and lots of them won't ever be claimed.
 

andial

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Moar!
 

solarion

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Sounds a lot like my bowel movements. Very limited quantity and very few have been claimed either. Should I set one aside for you?
Nah. Watching you get excited whenever cryptos correct is good enough for me.
 

solarion

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spinalcracker

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Yup. ...and when enough people capitulate it'll likely head right back up.


It's difficult to ride a wild bull.
This is a temporary stop at the train station and an opportunity to get on board for those who missed the last station.
Its also end of year window dressing.
I am looking for a moonshot to $20-40k after Jan 1.
Time to double down on LiteCoin and Etherium.
Yeeeeeee haaaaaaaw!...
Ride 'em cowboy!.........
 

solarion

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Ethereum...gak...think they're due for another bailout fork or similar gaff. I like BCH @ < 2k and LTC @ < 200. Even ETC @ < 25.

Most of the rest is kind of meh and I'd mostly rather stack moar shiny white metal @ < 16.5.

Presumably it's the Trump tax cuts that have people finally stacking some metals, but who knows maybe people will actually begin to wonder why silver is so silly cheap in a world where the DJ propaganda index is pushing 25k.



...when you're also money, but can be used in all kinds of useful industrial applications as well, but nobody seems to care.
 
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D-FENZ

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If / when this thing does crash it would likely ripple through all of the markets. I vividly remember the dotcom bubble bursting with similar results.

Can't help but notice the PMs finally catching a bid with the correction in cryptos underway.
 

anywoundedduck

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Don't ever try to catch a falling knife. This was totally predictble, though I never thought the crooks would drive it up to 20,000. That is where they got off.
PT Barnumisk type of Tom Foolery.
If they rinse and repeàt I don't think they will suck in so many fools.
Yeah, right, I am going to get rich buying entries on accounting ledger, and expect each entry to appreciate to the moon.
What a fucking scam.
 

spinalcracker

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Nice chart.
I will be giving silver as gifts for Christmas. Various silver coins.
I gave my granddaughter 16 silver dollars on her 16th birthday.
But I will continue to stack gold.
My 2018 goal is to buy one gold coin from every country that makes them.
Bitcoin is for entertainment purposes.
If I lived closer to the Cripple Creek casinos I would play the slots instead of BTC....
 

solarion

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If / when this thing does crash it would likely ripple through all of the markets. I vividly remember the dotcom bubble bursting with similar results.

Can't help but notice the PMs finally catching a bid with the correction in cryptos underway.
The low for silver was December 12 @ 15.74. Cryptos were still heading upward at an unsustainable rate.

While I'd love to see people move assets from cryptos to PMs...particularly silver, I don't think we're seeing a bunch of that. Moar likely we're seeing people anticipating an uptick in inflation due to tax policy.

Edit: Au also bottomed on the 12th at 1242.20.

Even at nearly .5 trillion the entire global crypto market is nothing compared to the bond bubble or the equity bubbles.
 

BigJim#1-8

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I understand that people are making $$ on these cryptocoins & I hope no one loses their shirt.
Question. Why do many people who have referred to, worthless frn's, frn's backed by nothing, etc...trust bitcoin, litecoin, etc?
What exactly are these crypto's backed by? I'm curious, haven't studied them, just read here & other sites.
Seems to me they can vanish into thin air, cloud, some hackers wallet.
Again, not trying to be critical, just wanting a few answers/opinions.
 

solarion

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Why do many people who have referred to, worthless frn's, frn's backed by nothing, etc...trust bitcoin, litecoin, etc?
Simple. The vast majority of cryptos, including the two you mentioned are not managed by a corrupt privately owned criminal enterprise. Bitcoin and litecoin are open source and managed by mathematics. There's transparency and predictability. Also bitcoins are not simultaneously one party's asset while being another's liability like us debt dollars are.

The spooky "hacking" meme that's so often sensationalized when discussing cryptos is nearly always connected directly to security of a website. Neither bitcoin or litecoin have ever been "hacked". Unfortunately the uninformed see "bitcoin hacked" and assume just that...though it has never happened. This is a tool to manipulate people, just like those that say preposterous crap like "guns kill".
 

Uglytruth

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what are they backed by?
Take your pick.
1. NWO / Fed reserve / banksters / (see pyramid) that have devalued the dollar 98% in 100 years that were backed by gold but..... we can't audit the gold just take the word of socialpathetic liars, sexual degenerates, that can't balance a check book & clearly follow their masters orders.
2. Math
 

BigJim#1-8

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Simple. The vast majority of cryptos, including the two you mentioned are not managed by a corrupt privately owned criminal enterprise. Bitcoin and litecoin are open source and managed by mathematics. There's transparency and predictability. Also bitcoins are not simultaneously one party's asset while being another's liability like us debt dollars are.

The spooky "hacking" meme that's so often sensationalized when discussing cryptos is nearly always connected directly to security of a website. Neither bitcoin or litecoin have ever been "hacked". Unfortunately the uninformed see "bitcoin hacked" and assume just that...though it has never happened. This is a tool to manipulate people, just like those that say preposterous crap like "guns kill".
There are no known instances in history of a gun killing anyone. However there have been instances of cryptos being stolen or vanishing.
Not spooked here.
 

solarion

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There are no known instances in history of a gun killing anyone. However there have been instances of cryptos being stolen or vanishing.
Not spooked here.
Right. ...but just like when someone uses a knife to kill...people say "he" killed and when someone uses a gun to kill they say "gun violence".

When bitcoins are stolen somehow it's bitcoin's fault, but when gold, silver, dollars, or halloween candy are stolen...it's because some shitbag stole stuff.

Propaganda is rampant, because it works. These false memes plant the seed that bitcoin is inherently insecure...though this is provably false. Human nature did not begin with bitcoin.
 

BigJim#1-8

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Right. ...but just like when someone uses a knife to kill...people say "he" killed and when someone uses a gun to kill they say "gun violence".

When bitcoins are stolen somehow it's bitcoin's fault, but when gold, silver, dollars, or halloween candy are stolen...it's because some shitbag stole stuff.

Propaganda is rampant, because it works. These false memes plant the seed that bitcoin is inherently insecure...though this is provably false. Human nature did not begin with bitcoin.
I believe you're taking my original post the wrong way.
Simplified, are any cryptos backed by anything tangible?
How are cryptos created? Can I create one?
Anything can be stolen, that wasn't my question.
 

solarion

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Simplified, are any cryptos backed by anything tangible?
Yes, but I personally think they're silly and self defeating. I believe there's an entire thread around here somewhere devoted to oilcoin or petrolcoin or some such. There have also been numerous initiatives to link cryptos to PMs. Again, I think the concept is silly as it removes the principle advantage of cryptos...that being their ability to transmit value nearly anywhere on Earth almost instantly.
How are cryptos created? Can I create one?
They're nearly all open source. Sure you can create one. If you cannot write code, then you can retain the services of a coder.
 

BigJim#1-8

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So, silly for something to be backed by something of value? Can't someone transmit value almost instantly anywhere on earth using credit?
 

#48Fan

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So, silly for something to be backed by something of value? Can't someone transmit value almost instantly anywhere on earth using credit?
I think you may be missing the point. Cryptocurrencies are not debt based. So as most folks like to point out that the "value" of bitcoin is zero. Where I come from, zero is worth more than a negative (debt).